Baltimore | Resource Profiles

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Program Related Investments

Funding

Description

In addition to traditional grants, the Foundation makes program-related investments (PRIs). PRIs are typically low-cost loans or loan guarantees and equity investments provided at below-market rates and with expected higher levels of risk. Like grants, PRIs are made to support a charitable activity in one of our core areas of interest. Unlike grants, PRIs are expected to be repaid and may provide a financial return over the course of the investment. The Foundation has utilized PRIs to help schools and other nonprofits secure loans to modernize and expand their facilities, to provide housing assistance through a revolving loan fund, to provide capital to nonprofits seeking to offer jobs and job training to unemployed individuals, and to secure stable facilities for organizations providing critical social services. --

Tags

Loans, Foundational , Debt Capital

Resource Providers:

Private Non-Profit

The Abell Foundation is dedicated to the enhancement of the quality of life in Maryland, with a particular focus on Baltimore. The Foundation is committed to being an agent of change by:- supporting efforts to solve systemic social, economic and environmental problems;- providing research to better inform civic conversation about relevant issues; andinvesting in new technologies that have the potential to benefit society.The Foundation places a strong emphasis on opening the doors of opportunity to the disenfranchised, believing that no community can thrive if those who live on the margins of it are not included.The Foundation’s work falls into three categories – Grants, Publications, and Direct Investments.

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